Toly draws a line in the sand as Bulktrade expands beyond Solana

Solana co-founder Anatoly Yakovenko says apps not running on the L1 are not really on Solana, and an exchange he backed is now testing that idea Solana co-founder Anatoly Yakovenko has a clear view on who counts as part of the network. If an app isn’t running on Solana’s base layer, he says, it isn’t on Solana. The comment came on October 29, 2026, after Bulktrade announced it would expand beyond its Solana Layer 1 setup. The awkward part: Yakovenko is one of the exchange’s angel investors. “If it’s not on the L1, it’s not on solana and it’s on its own L1.” What Bulktrade actually announced Bulktrade describes itself as a high-performance perpetuals exchange. Perpetuals, or perps, are futures contracts with no expiry date, and they have become one of the most competitive products in decentralized finance. The platform’s new plan is to support funding and withdrawals from several networks. The list includes Arc, Tempo, Arbitrum, and HyperEVM. Bulktrade intends to keep its specialized execution layer in place while doing this. Users on other chains would be able to bring capital in and take it out, while trading itself stays inside Bulktrade’s own engine. That execution layer is wher...